Posted on 08/04/2025 10:40:12 AM PDT by E. Pluribus Unum
Days after President Trump fired Bureau of Labor Statistics chief Erika McEntarfer, a Biden appointee who repeatedly released bad data on jobs creation with big revisions afterward, the establishment left continues to howl about President Trump.
It's like they like the bad data.
Here's Larry Summers making the television rounds, defending the indefensible:
Now writer Don Surber has discovered a doozy of a BLS internal report from 2024, reported by Bloomberg News, that the agency has been mismanaging data up the wazoo.
According to Bloomberg:
The US Bureau of Labor Statistics is “not sufficiently focused” on how it disseminates key economic data and a revamp of the agency’s culture is required, according to a report commissioned after a series of botched releases.
The Labor Department, which oversees the BLS, ordered the independent review to examine “procedures and practices for the equitable and timely provision of data to the public.” The findings of the 60-day external review were published Tuesday and included a number of recommendations to improve processes and communications.
“We have already begun the work of turning the team’s recommendations into a roadmap to recommit our agency to data security and equitable access to data,” BLS Commissioner Erika McEntarfer said on a call Tuesday.
Well, she didn't.
(Excerpt) Read more at americanthinker.com ...
Anything connected to or supported by the US Government is rigged in favor of democrats.
Democrats have spent decades rigging everything in their favor and this won’t go away overnight.
Patience and persistence will pay off in the end.
Good rule to follow. Lots of cleanup to do.
The victors get to write history, according to their views.
The victors in the 2020 election got to write history according to how they wanted people to view the issues and how they wanted to manipulate the people.
With political appointees, they get to report how the appointer wanted the issues and numbers to appear. Biden got his very favorable numbers, even if they were not the real numbers of how the economy performed.
The Biden BLS appointee did Biden and Kamala very big favors. That same leftover appointee was not about to let Trump have the same favorable numbers, even if what was going to be reported reflected good news for Trump and the country.
With democrats struggling to keep the party politically relevant, the Biden BLS appointee was not going to give the democrats more bad news of a good Trump economy. Good news about the economy during Trump’s presidency is bad news for the democrats.
Dangerous situation.
We have some inflation spikes pending, which will prevent the Fed from cutting rates. Both CPI and PCE are to report this month.
The guy running both measures is now going to be afraid to provide accuracy. This can lead to inflation explosion because the Fed won’t have accuracy to act early.
All done by the Biden handlers to squash a recovery and rate cutting for the Trump first two years.
Isn’t it funny how during the biden administration jobs report would come out saying jobs were up only to be revised down after some investigative process.
Bureau of Lying Statistics (BLS) has been a joke for four years. 200,000 adjustment here, 300,000 adjust there, a 1 million end of year adjust there. The Bimbo and probably half the bureaucrats there are incompetent. Only the NWS has more incompetent people.
From the article:
“Deep in the Bloomberg story, there are doings like this:
The report was commissioned after several incidents around data releases raised questions about how some of the world’s most sensitive economic information gets disseminated. In August, the BLS provided at least three Wall Street firms with highly anticipated figures on revisions to US payrolls — all while the official release was delayed on its website.
The episode not only sparked outrage among investors but also on Capitol Hill, where key Senate Republicans charged the BLS with its “continued failures” in producing crucial economic data and demanded answers to questions around its data release protocols.
Other incidents earlier in the year raised similar concerns. In May, the BLS inadvertently published inflation data a half hour before the scheduled release time, and separately a BLS economist disclosed internal data to an exclusive group of analysts he described as “super users.””
Bad econometric data from government has been a problem for a long time.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.